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Date
Summary
Rand Paul: The Whole Debate on Tariffs Is So Fundamentally Backwards, It’s Based on a Fallacy that in a Trade Someone Must Lose
Subjects
Source
CNBC

Name: CNBC
URL: http://www.cnbc.com/
Show
Squawk Box

Name: Squawk Box
URL: http://www.cnbc.com/id/15838368/
Persons
Rand Paul
, Joe Kernen

Name: Rand Paul
Employment: U.S. Seante
Position: Senator

Name: Joe Kernen
Employment: CNBC
Position: Anchor
Event
Event location
–
Link
–
Original recording
Uploaded
04/08/2025 07:49 am
Owner
Alex (staff)
Type
Video
Format
MP4 (720x406)
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Duration
0:02:08
Views
7
Purchases
2
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0
Transcript
KERNEN Welcome back Someone ░░░░░░░░ said this The truth ░░░░░░░░ tariffs are taxes They ░░░░░░░░ t punish foreign governments ░░░░░░░░ punish American families When ░░░░░░░░ tax imports we raise ░░░░░░░░ price of everything from ░░░░░░░░ to smartphones washing machines ░░░░░░░░ every other conceivable product ░░░░░░░░ is time that we ░░░░░░░░ the American people from ░░░░░░░░ prices and prevent the ░░░░░░░░ restoration to power It ░░░░░░░░ time to terminate the ░░░░░░░░ Our next guest that ░░░░░░░░ who Republican Senator Rand ░░░░░░░░ from Kentucky How did ░░░░░░░░ get here How did ░░░░░░░░ Republican Party get here ░░░░░░░░ Paul How did we ░░░░░░░░ get here I mean ░░░░░░░░ whole debate is so ░░░░░░░░ backwards and upside down ░░░░░░░░ s based on a ░░░░░░░░ and the fallacy is ░░░░░░░░ that somehow in a ░░░░░░░░ someone must lose That ░░░░░░░░ when you trade with ░░░░░░░░ there s a loser ░░░░░░░░ someone s taking advantage ░░░░░░░░ you and China is ░░░░░░░░ you off or Japan ░░░░░░░░ ripping you off It ░░░░░░░░ absolutely a fallacy Every ░░░░░░░░ that occurs in the ░░░░░░░░ is mutually beneficial If ░░░░░░░░ have a free society ░░░░░░░░ I trade with you ░░░░░░░░ you want to sell ░░░░░░░░ your coat and I ░░░░░░░░ you 200 for it ░░░░░░░░ both agree to it ░░░░░░░░ we re both happy ░░░░░░░░ the trade No American ░░░░░░░░ trades with China They ░░░░░░░░ with Wal Mart or ░░░░░░░░ may buy something from ░░░░░░░░ but they individually buy ░░░░░░░░ they want and they ░░░░░░░░ a decision The trade ░░░░░░░░ always a win win ░░░░░░░░ you can artificially do ░░░░░░░░ accounting between countries and ░░░░░░░░ Oh trade deficit look ░░░░░░░░ this trade deficit but ░░░░░░░░ have a trade deficit ░░░░░░░░ my grocery store The ░░░░░░░░ who employ me if ░░░░░░░░ work for Corvette and ░░░░░░░░ employ me they have ░░░░░░░░ trade deficit with my ░░░░░░░░ They buy my labor ░░░░░░░░ I never buy their ░░░░░░░░ So you can have ░░░░░░░░ artificial accounting and it ░░░░░░░░ it look like a ░░░░░░░░ thing but you have ░░░░░░░░ ask yourself is trade ░░░░░░░░ or bad And if ░░░░░░░░ look at the trade ░░░░░░░░ in times of a ░░░░░░░░ the trade deficit goes ░░░░░░░░ So if the tariffs ░░░░░░░░ us into a recession ░░░░░░░░ could reduce the trade ░░░░░░░░ because we re all ░░░░░░░░ less stuff We have ░░░░░░░░ get back to the ░░░░░░░░ of is trade good ░░░░░░░░ is trade bad?”
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